MICL Group: Delivering world-class infra for five decades

Published: 28th August 2022 06:11 AM  |   Last Updated: 11th October 2022 07:50 AM   |  A+A-

By Express News Service

MICL Group, a Mumbai-based firm in real estate and infrastructure development has cemented itself as the leader in innovation, timely delivery, and fostering excellence.  Founded in 1964, MICL began its journey with industrial contract projects, including India’s first private international port - the Nhava Sheva International Container Terminal at Jawaharlal Nehru Port Terminal for DP World - in Navi Mumbai in 1997.

Since then, MICL Group has bagged multiple projects such as the Mundra Port, Chennai Port, Vallarpadam Port, and Pipavav Port. MICL Group continues to work with MNCs such as PSA, Godrej, DP World, Adani, and Tata Housing. With more than 18 million sqft of construction underway, MICL Group has also dedicated its expertise in the development of real estate.

The firm successfully entered the capital market with listings on both NSE and BSE in 2010 with an oversubscribed IPO, worth Rs 141.76 crore. Currently, the holding company is debt-free with a consolidated net worth of Rs 860 crores as on March 2022. MICL ventured into real estate in 2012 with its first residential development project 'Aaradhya Tower' in Ghatkopar, Mumbai. Thereafter, the company took many single towers and multi-tower large complexes and township projects in combination with redevelopment, acquiring land parcels or through a revenue sharing model.

After the joining of Manan Shah in 2013 as MD, MICL’s real estate business has witnessed a meteoric rise and contributes over 60% of the total company revenue. Under his leadership, MICL established itself as the ‘possession specialist’ by delivering projects on time. Shah’s contributions were also recognised through awards such as Maharashtra’s Pillar of Strength, 2022 (Maharashtra Bal Stambh Award) and Iconic Young Achiever, 2021 (Times of India).

To offer the best-in-class experience to its customers, MICL has invested in formwork systems such as MIVAN and STEN. As a testament to its legacy, MICL Group has won multiple awards such as Best Brands, 2021 (Economic Times); Most Promising Delivery, 2019 (Realty Lion Awards) etc. 
MICL Group has also spread its wings in the demand-generating market of Miami, USA with a strategic tie-up with local and reputed brand partners like the Marriott Group.


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